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20121201
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Search Results 0 to 22 of about 23 (some duplicates have been removed)
. >> these are some of the areas that really plummeted. >> yes. >> yeah. so now they're coming back. >> san francisco is coming back, as well. miami roared back. miami's inventory is lower than it -- was in its peak. its price increases are happening more rapidly than during the last peak in the marketplace back in '06 when the market really peaked. >> fascinating. so how important is this for the overall economy that you're seeing these hot spots of real development and bursts of energy in certain cities? >> very important. because one, of course, as inventory shrinks and prices increase, there's a greater demand for new construction. also, most americans' net worth is tied into their homes and now their net worth has gone up so they're more optimistic about the economy, and will spend more. also people can sell their homes and move to other places where there are jobs. and there is also going to be a free-up of entry-level housing as well. >> so what kind of a year are you expecting in 2013? >> i think a good year. i think if the government can just get out of the way, go ahead and tell us what the
to the san francisco start-up when we talk to the co founder and ceo. >>> but first up, november auto sales jumping for both ford and chrysler. if we go over the cliff, though, our next guest says we'll see new car sales plunge 20 to 40%. bob lutz is the former vice chairman of gm, as well as former president of chrysler. he's also a cnbc contributor. bob, good morning. good to have you. >> good morning. good to be here. >> let's just walk through what you thought of the sales figures from this morning. >> well, i think everybody was expecting a weak november, and informed, it turned out pretty well, despite the disruption caused by hurricane sandy and a shortage of availability and so forth. i think gm was better than they themselves expected. but -- and actually up year over year in if all the brands. but gm had a weak month in pickup trucks. they have too much 2013 inventory and not enough discounted '12 models. but that will settle out. >> ford, i'm sure you've already taken a look at it, not only f series up 18%, that raised some eyebrows at this desk and raising production 11% for q1.
in this recovery. when you look at pockets like, you know, san francisco, manhattan, miami, the really high-end markets, those are again being fueled by a lot of all-cash foreign buyers. you're going to continue to see that money come in. if it does come down a bit because of the fiscal cliff, that's small pockets. overall, in general in the country, we are seeing a firm price recovery. >> but the big issue there is, if we eliminate the mortgage tax deduction for people under $1 million, we could really get hurt. >> that's a great point. this is why everything is tied to this fiscal cliff. >> exactly. >> you take out the mortgage deduction, and the traction we saw on the housing market reverses course. >> totally. i don't see how we can give $8,000 credits one year and the next year we take away the mortgage tax detux. a little consistency would be nice. >> are high-end home prices, do you think, are they ever going to go back to where we were when we saw them at the peak? >> for the highest end of the market, yes. i think they'll go even above the peak. >> why do you believe that? >> becau
california, to san francisco area, et cetera. we've been in the industrial business for a long time, and we'd liked it. but it was clear to us that the market wanted a more pure focused company. and it made sense as part of the overall focus. plus, as you mentioned, leverage is very important. and we wanted to lower our leverage. >> right. >> it made sense to part with the industrial, even though it's good properties, good people there, and focus again on quality, supermarket anchored retail in the 12 growing states. >> one of the things i loved about your presentation and also your conference call is you are not -- you're willing to face head-on the challenge of amazon. you directly -- you're the first real estate investor who says, listen, here's the ones that the internet can't get. you recognize the threat is a real one? >> i think it's a real threat. i think we were very conservative in how we came up with our number that we think that some merchants can be affected somewhat on the margin. but, again, the vast majority of what we sell, the prices of it are too cheap for it to be delive
in our flagship store, three restaurants. in the castro in san francisco you can have your nails done on your shoes worked on. so we're trying different things. >> what do we know is really working that can be rolled out nationally? is that something we're going to see? or is that just a boutique idea and you don't have enough room in some of the smaller stores? >> yeah. >> will we see these things in new york? >> you may see them in new york, but the best example we talked about last time was the pub, the pub idea. >> yes. >> we had that and started out in one and now have 55. turns out people enjoy getting together and gathering and relaxing after work. >> okay. now, you also did a study most recently, a lot of -- a couple guys joked. ask him about whole paycheck and a lot of what i buy at whole foods is now cheaper than local merchants. >> right. we've talked about this. work really hard on our price competitiveness. quality and value, quality and value, it's always a dance. i think we are fundamentally more competitive. and i'm looking you in the eye and saying, hey, we are going
? >> depends where you are, obviously, but it is going up. i see the major cities, san francisco, los angeles, philadelphia, new york, rentals are getting much more expensive so you'll see people getting two bedrooms and sharing it with somebody instead of getting a one bedroom by themselves, that's a difference and still have the people living at home but the first-time buyers are still having problems. still tough to get a mortgage, and it's going to stay that way. >> and we might also lose the deduction. what are clients saying to you guys about the potential loss or cut of the mortgage interest deduction. >> that would be stupid. >> i'm sorry, go ahead. >> hasiam? >> yeah, that seems to be very unlikely given the broad nature of that tax credit for the u.s. population. but i think to your point about the rental market, what's interesting about this recovery is that you have lifestyle choices being made. people wanting to rent, wanting to be near work and urban areas versus what we've seen in the past and that reduces the speculative buying on the foresale side of the equation which i thin
. >> if you had to pick a day where it all came together, january 9, 2007, is not a bad one. jobs is in san francisco at the macworld conference in full pitchman mode as he unveils his latest product to the faithful. >> these are not three separate devices. this is one device. [cheers and applause] and we are calling it iphone. >> it is not only a remarkable achievement but a validation of everything that jobs believed in: if you made and controlled all of your own hardware and all of your own software, you could integrate all of your products and all of your content seamlessly into one digital hub. and no one but steve jobs had thought of it. >> this is something microsoft couldn't do 'cause it made software but not the hardware. it's something sony couldn't do 'cause it made a lot of devices, but it didn't really make software operating systems. and so the only company that had end-to-end control was apple. >> biographer walter isaacson writes that jobs had created a walled garden. if you wanted to use any of his products, it was easier to buy into the whole apple ecosystem. it was someth
in every single room. as ceo of the global high tech firm exigen in san francisco, he feels he has to be available to his customers at all hours. >> well, you lose something. you lose some days of your kids' lives. you lose some of those tender moments with the family. >> what happens when you stop working? >> i ache. >> you ache? >> well, if you go on vacation sometimes in order to sort of relax, it takes a little bit of an effort. >> i'll bet you're connected on vacation. >> you're right. >> he's so obsessed... >> oh, and look at this. yep, he's wired his shower. when greg soaks up, he doesn't daydream. he watches the business news... >> so this is at cnbc. >> got to be. checks his email, answers the phone. okay, so we've arranged fo the producer to call you on the phone. the phone is ringing. >> and simply answer the call. >> hello? >> hi, karen. >> you're on speaker phone. i can talk to her too? >> yes. >> okay, so what happened, karen, was, the water was turned off automatically... >> right. >> and he answered the phone on speaker phone, and we're talking to you from his showe
. delayed a bunch of flights in san francisco yesterday. now it is moving over the mountains and expected to start dumping snow in oklahoma later today into tomorrow. there is also the threat of severe weather in the southeast part of the country tomorrow. then snow possibly wednesday into ohio and thursday, snow and possibly freezing rain in northeast. definitely a lot to pay attention to for travellers over the next coming days. right new at airports, no major problems to report here in atlanta. back to you, maria. >> thank you so much, gabe. we appreciate it. >>> let's find out how this holiday season is fairing with one of the largest airlines. dave barger is here. thanks for joining us. how is the season going? take us from thanksgiving to where we are right now. how does this season compare to prior years? >> i think this season is so different because of superstorm sandy. so what we saw right after thanks giving is a snap back. we have seen solid demand as we get closer to christmas and new year's. there's no doubt on the back side of the events in late october with super storm. it
in san francisco, and phoenix year-on-year. we're doing good things in housing, surely. >> we are. look at phoenix as an example. 21% increase year over year. look where they careful and where they're coming up the peak. they were off 56% from their peak. they significantly came down and have since rebounded. that's a positive thing. the fundamentals looking strong. we're seeing strength in terms of pending home sales, existing home sales. if you look at existing home sales specifically, look at the supply there, the supply is significantly down, too. we're down about 32 percent year-on-year. so they're all positive signs. >> and yet in terms of jobs and growth, the jobs are not coming back in construction. we gained since the bottom of the housing market 58,000 jobs. in construction it's 2.2 million. >> you speak to something very fundamental to the process here. we're not in a cyclical employment process, we're in more of a structural employment issue, such that as people come back into the work force, they're not gaining back the same wages that they were when they left. we still hav
stolen. one san francisco security firm estimates that the market this year for stolen cell phones is more than $30 billion. the fcc says that 30% to 40% of robberies in some of the biggest cities involve cell phones. in washington, d.c., they say it's 38%. in san francisco, police say it's nearly 50%. it's difficult to break out the numbers and break it down by brands, but police have confirmed that the best of apple products is a big business. they call it apple pigging. in new york city in september, the nypd reported theft of apple products was up 40% year over year, and they expect that number to rise over the holiday season. how can shoppers figure out if the devices they're buying are legitimate or stolen? apple phones have serial numbers. those can be traced, of course, if a phone was reported lost or stolen. they'll also be blocked from further use. experts actually say if you're buying used online you should ask for the serial number of the product. david? >> thanks very much, jackie. between hurricane sandy in october and the snowstorms out west over the last few days, p
. this was interesting, routing san francisco 42-13. seattle can win the nfc with a win and a san francisco loss next week. the niners are already in the playoffs. and the indianapolis colts and rookie quarterback andrew luck will also going to the playoffs. luck broke the nfl single season rookie record for passing yards yesterday throwing fourth quarter touchdown to lift the colts over the chiefs. as i mentioned, in the most important game of the day, cincinnati earned a playoff spot with a 13-10 win in pittsburgh. this was amazing. ben roth hisberg were just a couple of seconds left threw an interception. cincinnati got it back to where they could kick a field goal. >> can we mention the -- >> i don't know why you would. >> i went to this is games. and it was awful. awful. mackelroy was awful. >> i saw you on tv at the game because you were the only one in the stands at the game. >> it was pretty empty. >> did you get a 50% discount on the tickets? >> i do not. my friend has season tickets. >> oh, man. he's thilg thinki he's thinking what did i -- the giants looked just as bad as the jets. >> you
a relatively small company, 34 people in san francisco. over the next three to five years, we believe this visual web movement that a lot of people are writing about, talking about, will fully take hold. it will be a dominant force in how all media companies, even individuals are connecting and communicating. be think there's a tremendous -- by essentially being the plumbing that these companies need to profit. >> why 15 seconds, before i let you go? >> everybody asks that. so this whole visual web content is all about realtime conversation and engagement. much like twitter created 140 characters or less in text, we created 15 seconds to keep the conversation flowing. michael, thanks for coming in. pandora slipping 17% on this revenue shortfall last night, the first interview with the ceo, after the break. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want.
us from san francisco. good morning. >> good morning, how are you? >> great. interesting concept, a lot of shoppers are familiar with points and cashing in points to get goods, when you buy something, but in this case you're really given credit for walking in the door. how does it work? >> all you got to do is take your smartphone out and walk into the store with your iphone or your android phone and just for being in the store, it already welcomes you and gives you points called kicks, just when you walk through the door of the store it says, hello, cyriac, how are you today? here are your kicks. >> you don't have to scan an sku to prove you were in the building. it knows. >> we deployed special technology inside the store that emits a signal and your smartphone's microphone picks it up and tells the phone oh, cyriac is now in the store and we'll reward you just for being here. >> 4.5 million users, i think 1.5 million stores, walking into stores in the last month i guess trips that is and the partners talking target, macy's, best buy, american eagle, crate & barrel, what can th
in -- you know, transferring in san francisco or l.a. or something. and hoping that flight isn't -- i think he can just sort of -- >> the good news. >> he can probably work on the way back. >> yeah. no -- >> at his desk or do what, you know, whatever. he may be able to play sports. there's no basketball court on air force one. right? or putting green? >> no. but i think that -- they might have an xbox or something. >> yeah, if we play virtual golf or -- hoops or something. all right. >>> as for the markets, stocks turning in double digit gains in 2013. nine of the 10 s&p sectors looked in positive territory. only utilities are going to finish in the red at this point. u.s. equity futures this hour, not too bad. if the cliff was -- just, you know, end of the world -- i mean, we did make it through that. i guess people are optimistic that we're all still here in the flesh. we don't know at this point whether the mayan me to you're -- the end of the world could have involved a zombie apocalypse. you wouldn't know at this point whether the first zombie was actually somewhere right now -- >> som
francisco southward into l.a. san diego, some rain layer early, giving way to sunshine into the afternoon. back to you guys. >> okay. thank you, reynolds. appreciate that very much. let's get back to our guest host john kanas. talk about banking. a lot of regulations that are supposed to go into effect that kind of haven't yet. what's the biggest that you think is going to have the biggest impact 2013? >> a number of things. the cfpb is yet to come out with the definitions of qualifying mortgages. which is -- >> consumer protection? >> consumer protection. it measures the ability to pay for mortgagees. that has the -- that has the potential to become a serious impediment in the mortgage -- >> when will that happen? >> we're not sure. it's all part of the dodd-frank. it should have happened. >> there's something like 200-plus regulations that are still not on the books yet. >> something like 200 more, 240 regulations that are not yet -- >> derivatives, still? >> yes. >> and when do you think that's going to happen? >> nobody's really sure. >> and what is it going to look like and what's th
easygoing. we'll be seeing the heavy rain in places like san francisco. oakland could have some backupes and perhaps some in portland and seattle. back to you guys. >> all right, reynolds wolf. got it. >> you know, you don't lose anybody if you go wolf reynolds. we have said that. >> reynolds, he also has carl. he wants him to be carl quinn. >> you do, really? >> you hear tr people who don't do it on purpose, though, reynolds. that's the thing. you're in on it. we're all in on this together. anyway, congratulations on still being here, reynolds, and maybe we'll see you next week. >>> coming up, why share of blackberry birmingham rim popped and dropped after the bell. i'm thinking also, becky, they will buy me an iphone here. now i'm thinking i go with this new thing, this new -- >> the blackberry 10? >> yeah. all i use it for -- i don't know how to do the stuff you're supposed to do, anyway. >>> plus, speaker boehner -- >> you can get your mail on your blackberry and your ipad. >> failure to win the support in the house left congressmen from each side of the aisle with a compromise deal
Search Results 0 to 22 of about 23 (some duplicates have been removed)